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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$188,106$188,106$459,000
Remaining term (yrs)19.219.230.0
Secondary amount$0$270,894$0
Funding fee$0$0$0
Note rate3.96%3.96%7.18%
Blended rate4.81%6.545%7.42%
1st payment$1,161.67$1,161.67$3,109.43
2nd payment$0.00$1,749.52$0.00
Taxes / mo$219.75$219.75$219.75
Insurance / mo$166.67$166.67$166.67
MI / mo$173.19$173.19$91.80
HOA / mo$19.00$19.00$19.00
Total monthly$1,740.28$3,489.80$3,606.64
Cash to close$321,894$51,000$51,000